{"id":633919,"date":"2024-07-23T00:00:00","date_gmt":"2024-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/23\/the-next-enterprise-finance-forum-takes-place-on-24-september\/"},"modified":"2024-07-23T00:00:00","modified_gmt":"2024-07-23T00:00:00","slug":"the-next-enterprise-finance-forum-takes-place-on-24-september","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/23\/the-next-enterprise-finance-forum-takes-place-on-24-september\/","title":{"rendered":"The next Enterprise Finance Forum takes place on 24 September"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people.<\/strong> Before we get underway this morning, please take a moment to mark your calendars because: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>There are just 63 days left until our next Enterprise Finance Forum<\/strong>, which will take place on Tuesday, 24 September at the St Regis Hotel on the bank of the Nile here in Cairo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The nation\u2019s finance industry is at a turning point. <\/strong>Less than six months after the float of the EGP, we are on the right side of a protracted FX crunch that had the business community and Planet Finance alike in a chokehold. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re also in the early days of a generational realignment of power not just in our region, <\/strong><strong>but in the global finance industry:<\/strong> The UAE has for more than a decade been the unquestioned epicenter of finance in the Mideast. Saudi Arabia is jockeying for a position, offering a fat fee wallet as it invests bns in gigaprojects \u2014 but institutions that don\u2019t declare it their regional headquarters could be left on the outside looking in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enter Egypt<\/strong>, where we need to ask tough questions about our role in this finance ecosystem \u2014 and about the role the industry can play in building a real, export-led economy that will be far more resilient to shocks going forward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda in September: <\/strong><\/p>\n<ul>\n<li>We\u2019ll ask a senior government official to tell us <strong>why it\u2019s different this time around<\/strong>;<\/li>\n<li>Top CEOs answer the most difficult questions in <strong>Welcome to the Hot Seat<\/strong>;<\/li>\n<li><strong>What does the New Middle East Economy look like<\/strong>, and what\u2019s our finance community\u2019s role in it?<\/li>\n<li>How is Planet Finance preparing for the <strong>largest inter-generational transfer of wealth the world has ever seen?<\/strong><\/li>\n<li>Who are the next generation of giants who will be <strong>staples of your fee wallets and your NIMs in the future?<\/strong><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS:<\/strong> The outlook for dealflow, opportunities in consumer finance, how we should be thinking about energy, why customer experience is key online and off, and what\u2019s driving the next generation of Egyptian giants.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 2024 Enterprise Finance Forum is our flagship forum and part of our must-attend <\/strong><strong>series of invitation-only, C-suite-level gatherings<\/strong> that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHO SHOULD ATTEND?<\/strong> Everyone who plays a role in our industry, from commercial and investment bankers to asset managers, fintech founders, NBFS leaders, and professional services providers of all stripes. Attendees at our events are C-suite officers, business owners, and their direct reports; we also make an allocation for folks we think could be tomorrow\u2019s founders and C-suite executives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprisenewsmena.activehosted.com\/f\/1\" style=\"\" rel=\"noopener\">Want to request an invitation? Tap or click here<\/a><\/strong> Space is strictly limited. Formal invitations will start going out next month, and the only way to receive one is to let us know you\u2019re interested.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprisenewsmena.activehosted.com\/f\/1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/261.jpg?ssl=1\"\/><\/a> <\/p>\n<p class=\"tag-border-left\"> EGX WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>From Ni<\/strong><strong>leX to the EGX:<\/strong> Lotus for Agricultural Investments and Development has <a target=\"_blank\" href=\"https:\/\/web.facebook.com\/watch\/live\/?ref=watch_permalink&v=1567993914138254\" style=\"\" rel=\"noopener\">m<\/a><a target=\"_blank\" href=\"https:\/\/web.facebook.com\/watch\/live\/?ref=watch_permalink&v=1567993914138254\" style=\"\" rel=\"noopener\">oved<\/a> from the EGX\u2019s small and medium enterprises market to the main market after spending a little over a year trading on the NileX. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A capital increase ahead: <\/strong>The company has plans to <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d8%a3%d9%8a%d9%85%d9%86-%d8%a7%d9%84%d8%b9%d8%a8%d8%af-%d9%86%d9%8f%d8%ae%d8%b7%d8%b7-%d9%84%d8%b2%d9%8a%d8%a7%d8%af%d8%a9-%d8%b1%d8%a3%d8%b3-%d9%85%d8%a7%d9%84-%d9%84%d9%88%d8%aa%d8%b3\/\" style=\"\" rel=\"noopener\">increase its capital<\/a> over the coming period as part of its expansion plan, Managing Director Ayman Al Abd said, without disclosing any further details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More companies to leave the NileX for the EGX: <\/strong>Another company or two will be moving from the SMEs market to the main market \u201cover the coming few months,\u201d bourse head Ahmed El Sheikh told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/125959\/2024\/22\/07\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D9%86%D8%AF%D8%B1%D8%B3-%D9%82%D9%8A%D8%AF-11-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%85%D9%86-%D8%A8%D9%8A%D9%86%D9%87%D8%A7-8-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">watch, runtime: 4:10<\/a>). The SMEs market serves as a \u201cbusiness incubator\u201d where companies can list for 3 to 5 years as they work to raise capital and implement expansion plans that ultimately propel them to the main market, he previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27840306-ed3f-4f08-b673-3130ca1bb5a2\/digitize-moves-to-egx%25e2%2580%2599s-main-market-less-than-a-year-after-its%253cmark%253e-sme-market%253c%2Fmark%253e-debut\" style=\"\" rel=\"noopener\">said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And more listings all around: <\/strong>The bourse is currently studying the prospect of listing 11 new companies \u2014 eight on the EGX and three on the NileX, he added.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The final chance to subscribe to the Act Financial IPO. <\/strong>Retail investors \u2014 who are being <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90a188ae-46ce-489e-8d80-a7aeb264bc28\/remittances-surge-73.8%2525-y-o-y-in-may\" style=\"\" rel=\"noopener\">offered 60 mn shares<\/a> \u2014 can subscribe to a minimum of 1k shares and a maximum of 1.75 mn shares until later today. The subscription period for institutional investors wrapped up last Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>High demand from retail investors:<\/strong> The retail investors\u2019 offering was 34x oversubscribed by the end of trading yesterday, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d8%aa%d8%ba%d8%b7%d9%8a%d8%a9-%d8%a7%d9%83%d8%aa%d8%aa%d8%a7%d8%a8-%d8%a3%d9%83%d8%aa-%d9%81%d8%a7%d9%8a%d9%86%d8%a7%d9%86%d8%b4%d8%a7%d9%84-34-%d9%85%d8%b1%d8%a9-%d9%81%d9%8a-%d8%a7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reported citing unnamed sources with knowledge of the matter. The institutional investors\u2019 offering was 20.2x oversubscribed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- Peak energy consumption: <\/strong>Energy consumption reached its highest level ever on Sunday at around 165 mn cubic meters of fuel equivalent, the Oil Ministry said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0TrqjCwZ7h67n8vML3AZzMZFY2eHTPQusjNbfUPknFbsek6Ty43M3QXuqGsMyuyabl\" style=\"\" rel=\"noopener\">statement<\/a>. The announcement adds color to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1fd3f7db-013e-45ea-9655-318dcd05ea96\/blackouts-continue-across-egypt-despite-promise-of-pause\" style=\"\" rel=\"noopener\">statements<\/a> from the Electricity Ministry spokesperson as to why power cuts continued throughout Sunday, despite <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8883e2e1-8006-4fd6-be3c-58d871338ead\" style=\"\" rel=\"noopener\">promises<\/a> that the government will be halting them until mid-September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- Egypt\u2019s wheat imports jumped 34% y-o-y in the first six and half months of <\/strong><strong>2024<\/strong>, rising to 7.5 mn tons, with private sector imports leading the increase, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/07\/22\/%D9%82%D9%81%D8%B2%D8%A9-%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE%D9%8A%D8%A9-%D9%84%D9%88%D8%A7%D8%B1%D8%AF%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D9%82%D9%85%D8%AD-%D9%81%D9%8A-%D8%A7%D9%84%D9%86%D8%B5%D9%81-%D8%A7%D9%84%D8%A3%D9%88%D9%84-%D9%85%D9%86-2024#:~:text=%D8%B2%D8%A7%D8%AF%D8%AA%2034%25%20%D8%A5%D9%84%D9%89%207.5%20%D9%85%D9%84%D9%8A%D9%88%D9%86%20%D8%B7%D9%86&text=%D8%B3%D8%AC%D9%84%D8%AA%20%D9%88%D8%A7%D8%B1%D8%AF%D8%A7%D8%AA%20%D9%85%D8%B5%D8%B1%20%D9%85%D9%86%20%D8%A7%D9%84%D9%82%D9%85%D8%AD,%D8%A7%D8%B7%D9%84%D8%B9%D8%AA%20%D8%B9%D9%84%D9%8A%D9%87%D8%A7%20%22%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9%20Business%22.\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> reports citing official data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Last week, state grain buyer GASC bought <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea0d24d8-b0db-426e-896d-a490b346d109\/\" style=\"\" rel=\"noopener\">770k tons of wheat<\/a> from Russia and Bulgaria in its largest single purchase since June 2022 \u2014 part of a bid to bring strategic wheat reserves up from six month\u2019s supply to nine.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s another hot one in Cairo, with a high of 38\u00b0C and a low of 27\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a little cooler in Alexandria<\/strong>, with a high of 34\u00b0C and a low of 25\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No surprises here \u2014 Kamala Harris is leading front pages everywhere after suddenly <\/strong><strong>becoming the frontrunner for the Democratic nomination. <\/strong>Also getting attention: Israel is evacuating Khan Younis; ether ETFs are coming; and Google is keeping advertiser cookies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Harris <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/backed-by-biden-harris-scrambles-lock-up-white-house-bid-2024-07-22\/\" style=\"\" rel=\"noopener\">addressed<\/a><\/strong><strong> her campaign staff yesterday<\/strong> as her candidacy earned the backing of key party officials, with former House speaker Nancy Pelosi the latest to give Harris her stamp of approval. Hollywood celebrities <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/hollywood-donors-drop-dembargo-celebrities-back-harris-2024-07-22\/\" style=\"\" rel=\"noopener\">are also rallying around<\/a> Harris and donating to the campaign \u2014 and Charli XCX seemingly triggered a viral meme campaign after tweeting that Harris \u201cIS brat.\u201d The campaign is leaning into it in a bid to attract Gen Z votes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sitting vice president aims to lock-in the delegates she needs to secure her <\/strong><strong>nomination by tomorrow evening<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/harris-campaign-aims-lock-delegates-by-wednesday-evening-sources-say-2024-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The Democratic National Committee <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/07\/22\/democrats-nominee-virtual-convention-vote\" style=\"\" rel=\"noopener\">has agreed<\/a> to hold a virtual roll call to choose their nominee by Wednesday, 7 August. The formal convention will start on Monday, 19 August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The key question on everyone\u2019s minds now:<\/strong> Who will Harris pick as her running mate? <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/kamala-harris-likely-to-pick-from-rising-stars-for-running-mate\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/07\/22\/us\/politics\/kamala-harris-vp-list.html\" style=\"\" rel=\"noopener\">the New York Times<\/a> and <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/07\/21\/harris-potential-vp-picks-biden-dropout-00170204\" style=\"\" rel=\"noopener\">Politico<\/a> each have a list of folks they think are likely candidates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- The US Secret Service <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/07\/22\/2024\/secret-service-chief-kimberly-cheatle-admits-failure-over-trump-assassination-attempt\" style=\"\" rel=\"noopener\">admitted<\/a><\/strong><strong> its \u201cfailure\u201d in protecting Trump<\/strong> during his assassination attempt, and <strong>Biden <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/07\/22\/biden-suspending-campaign-endorsing-harris-right-thing\" style=\"\" rel=\"noopener\">said<\/a><\/strong><strong> dropping out of the race was \u201cthe right thing to do.\u201d<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN GAZA- While Prime Minister Benjamin Netanyahu heads to Washington to <\/strong><strong>address congress tomorrow, Israel has ordered civilians to evacuate Khan Younis <\/strong>as it relaunches attacks against Hamas, sending hundreds of thousands to the humanitarian area in Al Mawasi by the coast and killing 70 Palestinians in the meantime. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/israel-hamas-war-new-gaza-relocations-ordered-as-netanyahu-heads-to-us?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-orders-evacuation-part-gazas-khan-younis-after-renewed-rocket-fire-2024-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN BUSINESS NEWS- Several stories are making the rounds: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The ripple effects of the global tech outage on Friday could last weeks<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/07\/22\/2024\/crowdstrike-it-problems-arent-over-yet\" style=\"\" rel=\"noopener\">experts say<\/a>, as flights continue to face delays across the world and healthcare services face ongoing snarls. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The US Securities and Exchange Commission approved the launch of ether ETFs <\/strong>six months after the successful launch of BTC ETFs, with trading expecting to kick off today, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/07\/22\/ether-etfs-seem-set-to-launch-on-tuesday-six-months-after-bitcoin-funds-debut.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. The ETFs could attract some USD 15 bn to market in its first year and a half, analysts expect. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Google is scrapping long-standing plans to replace third-party cookies<\/strong> \u2014 long used by advertisers \u2014 after receiving feedback that the transition would be disruptive and would impact all online publishers. Read Google\u2019s full blog post about the decision <a target=\"_blank\" href=\"https:\/\/privacysandbox.com\/news\/privacy-sandbox-update\/\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We break down a new report from the European Court of Auditors that calls into question whether the EU\u2019s green hydrogen strategy is sufficient to reach Europe\u2019s 2030 goals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people. Before we get underway this morning, please take a moment to mark your calendars because: There are just 63 days left until our next Enterprise Finance Forum, which will take place on Tuesday, 24 September at the St Regis Hotel on the bank of the Nile here in Cairo. 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We have nearly come to the end of a week packed with news that the blackouts have clearly not abated. THE BIG STORY TODAY Shell to drill new gas wells in the Med next month: Energy giant Shell is set to begin drilling new gas exploration\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/1381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592578,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/shoukry-heads-to-tunis-plus-more-gulf-real-estate-investment-on-the-horizon\/","url_meta":{"origin":633919,"position":1},"title":"Shoukry heads to Tunis. PLUS: More Gulf real estate investment on the horizon?","author":"enterpriseam admin","date":"8 August 2023","format":false,"excerpt":"The news cycle is picking up slightly as we slide into the midweek","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/359.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577085,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/this-morning-its-official-egypt-is-the-eastern-meds-energy-hub-its-finance-day-at-cop27\/","url_meta":{"origin":633919,"position":2},"title":"THIS MORNING: It\u2019s official: Egypt is the Eastern Med\u2019s energy hub + It\u2019s Finance Day at COP27","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"Good morning, friends, and welcome to a massive day for both Egypt\u2019s green economy as well as our export ambitions. To quote John \u201cHannibal\u201d Smith: \u201cI love it when a plan comes together.\u201d For years now, top Egyptian players including Hassan Allam, Infinity and OCI (among others) have been laying\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592549,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/this-evening-gafi-is-rolling-out-a-new-digital-platform-to-establish-companies\/","url_meta":{"origin":633919,"position":3},"title":"THIS EVENING: GAFI is rolling out a new digital platform to establish companies","author":"enterpriseam admin","date":"7 August 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen , andwelcome to this hot and humid Monday that is making us look forward to tomorrow\u2019s slightly cooler climes. THE BIG STORY TODAY New digital platform to set up companies coming? The General Authority for Freezones and Investments (GAFI) is launching \u201cwithin a few days\u201d\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/2069.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589511,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/04\/this-evening-egypt-turkey-restore-diplomatic-ties-and-appoint-ambassadors\/","url_meta":{"origin":633919,"position":4},"title":"THIS EVENING: Egypt, Turkey restore diplomatic ties and appoint ambassadors","author":"enterpriseam admin","date":"4 July 2023","format":false,"excerpt":"Good afternoon, friends, and welcome back to the grind. We hope your return to the office has been smooth sailing as we race towards the next weekend. THE BIG STORY TODAY Egypt, Turkey reappoint ambassadors: Cairo and Ankara announced today the restoration of full diplomatic ties by appointing ambassadors for\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579556,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/this-evening-guterres-warns-of-highway-to-climate-hell-on-day-two-of-cop27-come-talk-to-us-about-building-a-climate-centered-business-at-the-enterprise-climate-x-forum\/","url_meta":{"origin":633919,"position":5},"title":"THIS EVENING: Guterres warns of \u201chighway to climate hell\u201d on day two of COP27 + Come talk to us about building a climate-centered business at the Enterprise Climate X Forum","author":"enterpriseam admin","date":"7 November 2022","format":false,"excerpt":"Happy Monday, wonderful people. It\u2019s a busy, busy day here in Omm El Donia as the leaders\u2019 summit gets underway at COP27 in Sharm El Sheikh, while the global business press still has one eye on the US midterm elections. But before we get started\u2026 We\u2019re delighted to let you\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=633919"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633919\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/633920"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=633919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=633919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=633919"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=633919"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=633919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}